DOWNING PLACE UNITED REFORMED CHURCH, CAMBRIDGE. GENERAL FUNDS CHATy TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
DOWNING PLACE UNITED REFORMED CHURCH. CAMBRIDGE. GENERAL FUNDS CHARITY FOR THE YEAR ENDED 31 DECEMBER 2020 Contents of accounts Pages Trustees, Report Statement of Financial Activities Balance Sheet 10 Statement of Cash Flows Notes to the financial statements 12-17 Independent Ex8minels Report 18
DOWNING PLACE UNITED REFORMED CHURCH. CAMBRIDGE (GENERAL FUNDS) CHARITY Registered a5 a charity under number 1131462 Trustees. Report for the Year Ending 31st December 2020 Structure of the Report: List of Trustees and administrative iuforniation THE CHURCH, ITS PREDECESSORS AND ITS GOVERNMENT 11 THE GENERAL FUNDS CHARITY l History 2 Purpose 2.1 The object of the charity 2.2 Public benefit 3 Trusteeship and admlnistration 4 Trustees. accounting responsibilities III OTHERRESOURCES SUPPORTING THECHURCH IV THE CHURCH'S LIFE IN THE YEAR COVERED BY THE ACCOUNTS FINANCIAL REVIEW l Basis of preparation 2 Statement of Financial Artivities 3 Balance Sheet 4 Statement of Cash Flows VI RESERVES AND GOING CONCERN
List of Trustees and administrative information Trustees serving during the calendar year Z020 Service as Trustee full year full year full year tolmay full year full year full year to 12 April to 12 April full year full year from S july full year full year full year full year full year full year full year full year full year full year full year full year Alison Esther Binney Anthony Edward Bottoms Stephanie lallo Bower lohn Paul Bradbury Colin William Christy Helen Christy Elizabeth Cornelia de Bruin-Lara Elizabeth Kari Humphreys Michael Humphreys Jennifer Russell Jacobsberg Philippa Millington lones Carys Eleri Lee Simone Maghen2ani Penelope lane Milsom Charles Christopher Au Sheila Margaret Porrer Alan james Robertson Rickard judith Valerie Rowland William Qell Saxton lan Chilles Strachan Daphne Anne Thomas Margaret Mary Thompson Stephen Thornton Nigel Philip Uden Minister & loint Chair to l May ur Pearce Clerk to the Elders. Meeting Treasurer Church Secretary Minister,. Joint Chair until Imay, and thereafter sole Chair Prlnclpal Addresses Downing Place URC. 4 Downing Place. Cambridge. CB2 3EL Emmanuel URC. Trumpington StreeL Cambridge. CB2 IRR (unul 31July 2020) Principal Bankers Charities Aid Foundation. 25 Kings Hill Avenue. Kings Hill, West Mallin& Kent, ME19 4IQ Independent Examiner Nl Hedger. BFP, CTA. FCA Chater Allan LLP, Beech House, 4a Newmarket Road, Catnbridge, CB5 8DT
THE CHURCH, ITS PREDECESSORS AND ITS GOVERNMENT Downing Place URC was formed on 31 May 2018, as a result of $0]UtIonS to unite passed on 18 March 2018 by the Church Meetings of Etntnanuel and St Columba's United Refortned Churches. Cambridge. The history of the predecessor churches is summarised in Part l of the Trustees, Report for the year ended 31 December 2018. The united church is governed by the still operative sections of the Scheme of Union of the United Reformed Church, namely the Basis of Union and the Structure of the URC. Subject to these denominational instruEnents, it is governed by a local Constitution approved by both predecessor church meetings. The call and induction of Ministers and the appointtnent and tertn of office of Elders are regulated by these documents. The Constitution was amended by resolution of the Church Meeting on 17 March 2019 to increase the pemitted number of serving Elders. II THE GENERAL FUNDS CHARITY l H15tory Funds held on charitable tnjsts supported all the predecessor churches of Downing Place. Details appear in Part 11.1 of the Trustees. Report for the year ended 31 December 2018. The charities comprising rhe general funds of Emmanuel URC and St Columba's URC were tnerged with effect from 31 May 2018, when the charity to which these accounts relate was renamed the Downing Place United Refonned Church, Cambridge [General Funds) Charity. The merger was registered with the Charity Commission on 11 March 2019. after all assets of the St Columba's Charity had been translerred to this Chariry. The St Columba's charity (number 1143892) has since been removed from the Register. 2 Purpose 2.1 The objectof the charity Since the union of 31 May 2018. the General Funds Charity has been held on trust to advance the Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church. as directed by the Church Meeting of Downing Place United Reformed Church. (For the historical background to this 5tatetnent see Part 11.2.1 of the Trustees, Report for the year ended 31 December 2018.) 2.2 Public benefit The Trustees have at all times had regard to Charity Commission guidance on the public benefit requirement as it applies to charities for the advancement of religion. The charity funds enable the church to.. provide regular acts ofworship open to the public teach and promote the Christian faith among all ages and at all levels, regardless of background, sexuality, disability or nationality administer the Gospel sacraments offer artivities for young people in connection with Christian worship and growth visit and befriend the elderly and unwell
offer fellowship and pastoral support within and beyond the congregation, particularly to those in distress or poverty maintain and redevelop historic church buildings serve the community and provide resources for community groups and activities support initiative5 for Christian education support the charitable work of the United Reformed Church within its Structures at Synod and General Assembly level,. and engage in ecumenical dialogue and activity in the interest of a wider understanding between believers. 3 Trusteeship & AdministratSon The Ministers and serving Elders of Downing Place URC. Cambridge. provided they are legally qualified for charity trusteeship, are Trustees of the General Funds Charity by virtue of their office. Elders are elected by the members. to serve for four years at 3 time. with overlapping terms to provide continuity of oversighL There were 17 places on the eldership during 2020. but some were shared between two people. 50 the number of trustees was greater. One of the church'5 minister resigned with effett from l May 2020. in preparation for his appointment as General Secretary of the United Reformed Church. New Elders and Ministers receive an introductory briefing and are referred to literature issued by the Chariry Commission in which their Trustee responsibilities are set out. They maintained approximately monthly meetings through the year, in virtual forni (online) since March 2020. There are various committees and groups within the church, some of which have limited delegated financial authority agreed by the Trustees. A Church Treasurer. appointed by the Church Meeting on the Trustees, nomination. exercises day-io-day control of the charity assets in co-operation with the Finance (until November. Finance & Management) Committee. The Trustees are consulted on the church'5 annual risk assessment and before the adoption of policies actually or potentially affecting the General Funds Chariry.. such as those on employtnent and equal opportunities. safeguarding, health. safery and fire prorecuon. Trustee5' accounting re5pollsibilities The Trustees are responsible for preparing financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplu5 or deficit of the charity for that period. In preparing these financial statements the Trustees are required to.. Select suitable accounting policies and apply them consistently., Make judgements and estimates that are reasonable and prudent.. Comply with applicable Accounting Standards, subject to any tnaterial departures disclosed and explained in the financial statements.. and. Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the chariry will continue in business. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the chariry and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
111 OTHER RESOURCES SUPPORTING THE CHURCH Besides the General Funds Charity, a number ofother resource5 SUPPOrt the work of Downing Place URC. These include church building5 [incorporating halls and caretakers, houses). manses for the church's ministers. the rental or invested proceeds of sale of earlier such buildings, a regular donation from Lewis Gibson Limired and the income from a house in George Street, Catnbridge. Details of these resources (with the exception of the George Street house) were given in Part111 of the Trustees. Report for the year ended 31 December 2018. The house at 4 George Street. Cambridge, is the sole capital asset of a charity founded by the late Dr Helen Dick Megaw on 23 November 1978. whose object {'the general use and benefit of Downing Place United Refortned Church'j is now stated in a Declaration of Trust dated I May 2019. URC (Eastern Province) Trust is trustee of the church buildings. manses and invested sale proceeds. United Reformed Church Trust is custodian trustee of Dr Megawls Charity and the Ministers and Elders are its ex officio managing trustees. Although these resources do not, as capital assets. form part of the General Funds Charity. incotne from each of them is paid into the General Funds. The attached accounts therefore show hiring fees of the church buildings. dividends or interest from invested sale proceeds. the rent From 4 George Street and from currently tenanted manses in Harebell Close, Cambridge and (from lune 2020) Mayfield Road. Girton. and the Lewis Gibson Limited donation. Conversely the accounts show payments from the General Funds for repairs and maintenance of those church buildings and manses in current use. and of the tenanted properties so far as such costs fall on the landlord. IV THE CHURCH'S LIFE IN THE YEAR COVERED BY THE ACCOUNTS Although decisions regarding the church's, life a those of its councils (the Church Meeting and the Elders, Meeting) rather than for the charity trustees as such, a brief account is given here of how the church's general funds were used during this period to further our charitable objects. Throughout the year. the charity has SUPPOrted the life and activities of Downing Place URC in the centre OF the City of Cambridge, as an open and inclusive church reflecting God's radical love. offering an intelligent and non-judgemental environment for exploring faith. and seeking to live out this faith in a commitment to proclaiming good news. transforming unjust structures in the world, and safeguarding God's creation. Our worship is marked by a sense of reverence and of joy. drawing on the riches of the Refomied tradition of liturgy and preachin& and supported by a high standard of music. both instruTnental and vocal. Work was already under way at the start of 2020 on a substantial redevelopment of our Downing Place buildings to improve the facilities we can offer to the community. and this continued throughout the year. Some of our regular activities were suspended. and others were transferred to our Trumpington Street buildings (formerly Emmanuel URC), which we left finally at the end of July 2020. The Covid pandemic preventing most face-to-face contact forced us to move tnost worship. elders. and church meetings, and much pastoral contact between members, online. Help has been offered to meTnbers unfamiliar with online meetings. and some have been able to take a fuller parr than formerly.
Worship has been offered every Sunday: mostly commonly recorded in advance by a small number of people, but with live online services monthly, and when guidelines allowed some live Covid-secure service5 attended by a limited number of people at Westminster College. Communion was celebrated monthly,. and baptisms and funerals were conducted as needed. Special provision is always made for children and young people. and a monthly'open Table, service has particularly welcomed LGBT+ participants, and a dementia-friendly virtual carol service was held. Each week some members have contributed to services at other churches. Our ministers shared responsibility For other churches in the area and one served as the Moderator of the General Assembly of the United ReFormed Church until July 2020. The church has engaged with interdenominational bodies in the City of Cambridge. Although largely in virtual fom, pastoral support For members was provided by Elders and Pastoral Visitors, particularly for those in need or housebound. An online gathering after worship each week allowed many people to stay in touch including some now far from Cambridge. Exploration of the Christian faith was supported by activities such as House Study Groups, a book group. a film group. speaker meetings. a young adults, group, and afternoon meetings in the Cherry Hinton Road area. Public-facing activities suspended but expected to be resumed include free weekly concerts. exhibitions. a Traidcraft stall, a week]y'Knit Café,, and Food Bank collections,. providing a safe space at nights for people to rest or recover (as 'NightLite', with Cambridge Street Pastors).. and facilities for a Group Therapy Centre and the Cambridge Voices choir. A full-time Community Development Worker was appointed to research how the church can best support people in the city centre. Towards the end of the year. the church adopted three broad aims that will underlie future activities: inclusivity, well-being, and sustainability. Through the church. members have personally given more than £12,000 over the year to various other charities in the UK and abroad. in addition to £26.000 in grants from Lewis Gibson Limited income mentioned above. and have contributed substantially to the cost of tninistry in other churches of the URC. A web site draws attention to what is offered, and makes recent sermons and other material available, with a section devoted to welcoming those unfamiliar with the church's practices. As well as reviewing individual members, needs on a regular basis, the Tru5tee5 have overseen the management of the church's buildings, funds, and activities.. they have begun planning how the church can use its new buildings and facilities to serve the city communiry. and they have adapted its structures. and carried out trainin& to support good practice. The Church has sent representatives to the Eastern Synod and the General Assembly of the URC. FINANCIAL REWEW The accounts for the year ended 31 December 2020, consisting of the Statement of Financial Activities. the Balance SheeL the Statement of Cash Flows and the related notes, are attached as pages 9 to 17. Basss of preparatlon The accompanyin(T statements relate to the charity creared by the union of No charities on 31 May 2018. as was set out in more detail in the accounts for the year ended 3 1 December 2018. In accordance with s27 of the Statement of Recommended Practice to Charities, the union was accounted for as a merger. The carrying amount of assets and liabilities of the combining charities were not restated to fair value. although adjustments were made to ensure unifortnity of accounting policies.
The funds of those charities that were restricted ro particular purposes continue to be presented as 'restricted' in the accoLints of the continuing charity. The unrestricted general funds of St Columba's URC and of Emmanuel URC were agtyregated. their purposes having become identical, as general funds of Downing Place URC. Statement of Flnanclal Activities Total income for the 12 months ended 31 Decetnber 2020 is £456.395 (2019 £664.266). Income from general offerings is showing a small reduction. from £127,470 in 2019 to £120,Q95 in 2020, however tax reclaitned under gift aid is higher, at £36.710 (2019 - £29,453) in part because reclaims can now be submitted on a more regular basis. There was no income from the Cafe following the closure halfway through the previous year. Other donations and legacies in 2019 recognised the receipt of £186,672 as the Church's share of the proceeds of Sale of Castle End Mission. Rental income from hall letting5 has Fallen. following the closure of the Trumpington Street premises during the year and restrictions on the use of property during the covid pandemic, but this has been partly offset by a small increase in the distribution received during the year frotn Lewis Gibson Limited from the rental of the York Street Medical Practice. £80,194 has been received during the year following a fundraising appeal to support work on the redevelopment of the Downing Place buildings. Income from investments and interest receivable have reduced from £44.S81 in 2019 to £35.348 in 2020. Total expenditure for the 12 month5 ended 31 December 2020 is £352.451 (2019- £433.255)- The costs of church activitie5 have reduced significantly, from £218.900 in 2019 to £161.771 due to reduced tninisterial expenses, reduced properry costs and the closure of the Café in 2019. There has been a 2 % increase in the contribution to the URC Ministry and Mission Fund. Expenditure from Designated and Restricted Funds is similar to the priorye2r. At 31 December 2020 investments were valued at a small unrealised gain for the year of £1,807. compared to an unrealised gain in the previous year of £90,136. 2020 saw considerable volatility in investment valuations. Overall. the net increase in funds for the year is £105,751 (2019 £321.147}. This reduction can be explained, to a large extent, by the proceeds from Castle End Mission in 2019 of £186,672, and the increase in the value of investments in 2019 of £90,136. offset by the receipt in the current year of£80,194 frotn the redeveloptnent fundraising appeal. Balance Sheet Tangible Fixed Assets- Following the clearance of the Downing Place and Trumpington Street premises for redevelopment, the Church records no value to tangible fixed assets. The Downing Place church and halls, and the manse building5 are held in trust by the URC (Eastern Province) Trust and are not. therefore, tangible fixed assets of the Church. Investments are detailed on Note 5 to the accounts and consist of COIF Charities Investment Fund and M&G Charifund Accumulation Units. As noted above, the valuation has increased during the year by £1,807 which has increased the closing value of investtnents from £678,356 to£680.163. Debtors of £62.975 consist principally of gift aid receivable and amounts due from Lewis Gibson Limited.
After deducting sundry creditors. accruals and deferred income, net assets at 31 December 2020 are £1,387,840, represented by Unrestricted Funds of E332,036. Designated Funds of £755,127 and Restricted Funds of £300,677. Statement of Cash Flows The Statement of Cash Flows shows a net inflow of cash for the twelve-rnonth period of £120,003. Total cash at bankand in hand at31 December 2020 is £659,868. RESERVES AND GOING CONCERN The income of Downing Place URC, Cambridge (General Funds) Charity is dependent on the continuing generosity of members, on income from the rentsl of the halls and properties, and on the distributions received from Lewis Gibson Limited. The balance of net current assets at the year-end is equivalent to approximately two years of General Fund expenditure on charitable activities, which the Trustees consider to be adequate. The Trustees consider that the going concern basis is appropriate as they consider the reserves levels and expected income to be at sufficient levels to ensure that the charity can meet its financial obligations for the foreseeable future. The TSteeS have considered the ongoing impact of Covid-19. The Trustees do not believe that the impart of the virus will have a material bearing on the going concern of Downing Place URC. Signed on behalf of the Trnstees: Revd. Nlgel P. Uden (Ministerand Chairof Trnstee5) 29Aprfl 2021
DOWNING PLACE UNITED REFORMED CHURCH. CAMBRIDGE. GENERAL FUNDS CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestricted Dgslgnatsd Restricted Total Funds Funds Funds 2020 Total 2019 Note Incom Donations and legacies ChaTttable activities other income and donations Income from investments 2{al 2{bl 2(c) 21d) 157.052 47,231 81.000 30.697 8,600 181 27.000 4,651 8,960 174.612 91,023 138.435 108.000 35,348 396,792 137,393 105,500 44,581 Total income 315,980 40,432 99.983 456,395 664.266 Expendlture Cost of generattng funds Charitable activities.. URC Ministry and Mission Fund Ministerial costs Costs of church activities Designated funds and restricted donations passed on Governan costs 31al 575 575 2,514 31b) 3{cl 31d) 31el 3(fj 137.475 18,673 149.207 137,475 18.673 161.771 32,637 1,320 134,755 28,094 218,900 47.992 1,000 12,565 21.815 10,822 1.320 Total axpenditure 307,249 34,380 10.822 352,451 433.255 Net gainsl{losses} In Investments Unrealised gainslllosses} on investment assets 1.807 1.807 90,136 Net Incoma for the year before transfers 8.731 7.859 89,161 105,751 321,147 Transfers ben fvnds Not Mowment in Funds 8.731 7.859 89.161 105.751 321.147 Fund Balancas bltwd at 1 January 2020 323.306 747,268 211,516 1,282.090 960,943 Fund Balances clfwd at 31 December 2020 332,036 755,127 300,677 1,387,840 1,282,090 Income and expenditure is derived solely from continuing operations. The note5 on page5 12- 17 form part of these fin8ncial statemerrts. Page g
DOWNING PLACE UNITED REFORMED CHURCH, CAMBRIDGE. GENERAL FUNDS CHARI BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Note FIXED ASSETS Tangible Fixed Assets Investments 680.163 678,356 CURRENT hSSETS Debtors Cash at Bank and In Hand 62,975 659.868 722,843 70,281 552,366 622.647 CURRENT LIABILITIES Creditors Due Within One Year 15,166 18.913 NET CURRENT ASSErs 707.677 603,734 TOTAL ASSEfs LESS CURRENT LIABILITIES 1,387.840 1,282,090 Creditors Due After One Year NET ASSETS 1,387,840 1.282.090 FUNDS Unrestricted Funds Designated Funds Restricted Funds 332.036 755.127 300,677 323,306 747.268 211,516 1,387,840 1.282,090 Approved by Iders, Meeting held on 29 April 2021 and signed on its behalf by. v'd Nigel P. Uden inister and Chair of the m&eting asurer The notes on page5 12-17 fom) part of these financial statements. Page 10
OOWNING PLACE UNITED REFORMED CHURCH. CAMBRIDG4 GENERAL FUNDS CHARITY STATEMENT OF CASH FLOWS 8 AT 31 DECEMBER 2020 2020 2019 Not• {belowl Ca$h flow frorn op8rntlng a¢tlv5tles'. Net cash provided by opèrdtirrfJ actbvfttes 84,655 166,660 Cash flow from tnvesting aLthe5- addrtlons to Investments Dfvldends and interest 1200,0001 44,581 35,348 Change in r25h and cash equNalents In the pon period 120,003 11,241 Cash and cash equivalents at th• bèglnnlng ot the reportlng perfod 552,366 548,125 Cash and ¢ash equlvaleb)ts atthe end of the reporting perlod 659,868 552,366 Notes to the Statement of cash flow A) Rl¢ll1allQn ot net Income to not cashfiow from Operan9 ae$ Net lexpendÉtu)finCOme forthe reporting pernd as perth8 stst8m8nt offin8nfAal activit& Profit on disposal ol ass8ts D8preriation Unrealised Igainslllo&8&8 on inv8strnents Dlvidends and interest Ilncre85eydecrease In debtors (Decreaseylncrease In Cred[S 105.751 321.147 11,8071 135.3481 19,806 3.747 (9),1361 144.5811 121,7941 2.024 Net cash pro¥ld¢d by operaling acthiid85 84,655 Bl knalysls of cash and cash ul¥alents Cash at bank and In hand 659,8e8 552,366 Page11
DOWNING PLKE UNttED REFORMED CHURCH, CAAIBRIDGE. GENERAL FUNDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 1 ACCOUNTING POLICIES la Basis of preparation The charity is a publlc benefit entty as defined by FRS 102. The financial statements have been prepar9d in accordance with Accounting and Reporting by Ch8rities'. Stst&m8nt of Recommended Prad1 applicable to Charities pr&paring a¢Unts in accordan wrth the Financial Reporting Slan¢ar¢ applicable to the UK and Republic of Ilart ISORP FRS1021, the Fin8ncial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021. and the Ch8rttie$ A¢t 2011. The Financial statement5 are prepa on a going ¢on¢em basis under the historical c05t convention. modified to Inc]Le rtain it8ms at fair value. Signrficant accounting kM)Ii¢ies applied are $81 out below. These policies have been applied Consistently to all years unless otherwise stated. 1b Going concern basis The Trustees consider that the going COnM bass is appropriate as they consider the re5erve5 levels and expected income to be at surricient levels to ensure that the charity can m*t its finanoal obligations for the next 18 months. The Trustees have considered the wtential impact of Covid-19. The Trustees do not believe that the impact of the virus will have a rnaterial bearing on the g)ing concern of Downing Place URC. 1¢ Tangibl¥ Fixed Assets Froehold Prowrty.. The Trustees of the church and msn5e buildirTgs ale the URC Eastem Synod Tnjst who hokt thern upon tN5t for the purposes connected with the Downing Place URC, Cambridge. General Funds Ghanty and they a th8refor8 exdud8d from the 8ccounts. Expenditure incurred on the church and manses is written off in the year it Is in¢urr8d. 1d Investments Inve5tment5 are included at their lair value. which rs normally their mark8t value on th8 balance sheet date. Changes in valuation over the year are recognised in the Statement of Financial Activities. The Trnslees have decided to retain short tem) funds in cash reserrfes which art risk free. prowde for seasonal fluctuations in operating c85hfk>w5 and cover at least six months, expenditure. and io hold medium to longer term investments In charitable Inve$tmen¢ funds 8nd unit tnjsts, in accordan with the charty's investmenl guidelines. le Income All voluntsry giving is incied in the financial statem8nts for the period in which it is received. Donation5 under Grft plus the associated tax recovery a recognised as income wvhen the donation is received. Legacies are accounted for when their receipt is rtain and Can be propedy quantrfie¢. All other in¢ome is generally recognised when it 15 reTrivable. 1f Expenditur• The URC Ministy & Mission Fund ttintribution is psid regularly and 15 included in the f nanci31 statements for the year lo which relatès. Exp8nditur8 is r8eognised in the period in which it 15 incurred and includes attributable VAT which cannot be r8eov8red. It is allocated to the particular activity to which it relates. Govemance costs represent dired expenditu on the govemance of th urch. in¢luding the production and I8?ndernt scrutiny of these financial 5tateMents. As most of the man8gement and activity of the church is Carried out by volunteers, this intangible c05t 15 riot included in the financial statements as this voluntsry contribution to the lrfe of the church is inc81culabl8. 19 Taxation The DPURC is a registered charity and a5 such is not liable to tsXatn. 1h Consolidatod financial statements The church is exempt from the requirefflent to Prepare consolidated finanaal statements by vSrtue of Seth"on 24 of Charities SORP FRS 102 (20151. Accordingty these fiNancEI 51atements present information about the church as a siThJle entty and do not consolidate inforrnation in res of Lewis Gitson Limited. Page12
DOWNING PLACE UNITED REFORMED CHURCH. CAMBRIDGE, GENERAL FUNDS CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2020 2 INCOME Unre$iri¢ted Funds Deslgnated Furtds Restricted Funds Total Funds 2020 Total Fund$ 2019 (al Donations and lega¢i•$ Offerings Tax r8claim8d under gift aid C8fé Special offerings and donations reiVed Other donations and legae5 120,095 38,710 120.095 36.710 127.470 29.453 18.227 13.3 208.299 396.792 20 227 157,052 8,960 8,980 8.827 174.e12 8,600 8,600 8,960 Ibl Charitable activit85 R8rital income from lethng5 Rent81 iftcome from S8int Columba Group Therapy Centre Fund raising events and other income 31,458 10,829 42,287 86,423 2,000 28,970 117,393 181 181 80,194 91.023 96,148 138,435 47,231 1¢) Other In¢ome and donatlons Donations Irom Lewis Gibson Limited 81.000 81.000 27.000 27,000 108,000 108,000 105,500 105,500 Idl Income from Investsnents: Bank Inte$t & divider$ 30.697 30.697 4.651 4,651 35,348 35,348 44,581 44,581 Total Income 315.980 40.432 99,983 456,395 664,266 3 EXPENDITURÉ Unr8StTtct8d Funds Designated Funds Restrict1 Fund5 Total Funds 2020 Totsl Funds 2019 (al Cost of Generatlng Funds Co$t of ministry and mission 575 575 575 575 2.514 2,514 Ibl URC Ministry & Mlssion Fund The church contribute$ to the ntral URC wsts of training and providing ministers linduding the centrdlised payment of stipends. pension contributions and other benefits for ministers), running the demmination. and the Mrider mission of the national church. 1¢) Ministerial Costs Ministers. expenses Wotship resources Visiting ministe Praise Musical life of the rhurch 5,670 130 252 101 12,520 18,673 5,670 130 252 101 12,520 18,674 14,995 920 1.241 10.295 28.094 Idl Costs of ¢hur¢h ActlvFttes Premises running costs.. Rates and utiliti85 Insurance Repairs and maintenance Caretaker and cleaning Other premises cost5 22,065 9,536 15.791 8,598 1.219 57,209 22.065 9.536 15.791 8.598 1.219 57,209 25.732 8.983 25.238 17.836 1,32e 79,117 AdTnini5tration costs.. 26,298 65.137 159 91.594 4.029 8.476 60 12.565 30,327 73,613 219 104,159 36,152 63.522 347 100.021 Staff sts Bank charges and interest Page13
DOWNING PLACE UNITED REFORMED CHURCH, CAMBRIDGE, GENERAL FUNDS CHARrrY NOTES TO fHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 3 EXpENDVRE (Continued) Unr8strict8d Funds D•signat¢d Funds R*strfctsd FLJnds Total Funds 2020 Total Funds 2019 Mission outa¢h.. Café activty cos15 Donation5 39.308 454 39.762 403 403 403 403 149.207 12,565 161,771 218,900 lel Designated funds and restricted donation$ pa$$ed on 4 George Street Fund Earmarked Funds Cotlltnitment for Life Designated Funds 6,138 3.116 16,611 22,127 47,992 1,646 9,176 1.646 9,176 21,815 32,637 21.8YS 21.815 10,822 lfj Govemancè ¢ts IrePendent Examiner 1,320 1.320 1.320 1.320 1.000 1.000 Igl STAFF COSTS Expenditure includes total staff costs of £94.72212019- £113.0641 a5 shown below. The average number of staff in the year was 6 12019- 71. 2020 2019 Gross Salaries and wages Social security costs Pension costs 83.735 6.404 4.583 94,722 101.019 6,717 5,328 113,064 4 TANGIBLE FIXED ASSETS Fixtures & Fittings Total Cost at l January 2020 Additiors Dlsposa Cost at 31 Drnber 2020 12,075 12,075 12.075 12.075 DepC4t1On at l January 2020 Depreclatron charge for year Elimlnation on disposal DepreckltDn at 31 Dember 2020 12.075 12.075 12,OT5 12,075 Net book value at 31 December 2020 Net book value at l January 2020 The church and manse bulldin¥ are held in trust by the URC (Eastem Prownce) Trust and are not tsngible fLxed assets of the church. For insurance purp)ses the church lIding5 and halls are insured by the church for £9,268,405 and the manses for £2,tm,000. The church contents are insured by the church for £229,740. Page 14
DOWNING PLACE UNITED REFORMED CHURCH. CAMBRIDGE, GENERAL FUNDS CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2020 5 INVESTMENTS 2020 2019 Market value at 1 January 2020 Additions Disp05a15 Net unrealised gain(Lo$St$l Market value at 31 Dember 2020 678,356 388,220 200,000 1,807 680 163 90.136 678 356 Made up as follows.. COIF Charities Investment Fund- EURC General Fun¢ COIF Charities Investment Fund- John Hall Fund M&G Charifund Accumulatioft Unit5 COIF Charities Investment Fund- In¢ome Units Shas in Lewis Gib50n Limited 271,449 155,934 198,315 54,463 255.063 146,662 225,454 51,176 680 163 678.356 l investrnent incorne and gains I loss2$ a tted as unrestricted Geneftl Fund and the closing value of investments alfrKated first to r&tricted funds and the balance treat& as designated. The invethent in shares in Lews Gibson Limit&l repentS an nterest of 66.67% in that company. The principal activity of Lews Gibson Limited s the letting of Lewi5 Gitson House as a dortor's surgery. Any surplus on this activity is distribut to the church trj PE used for charitable pUre5. For the year ended 31 DeCnber 2020 Lewis Gibson knrnited had turnover of £193,000, generated a surplu5 On ordinary acbvities after taxation of £108,221. and made a gift aid distribution of £108,000 to Downing Place URC. At 31 December 2020 Lewls Gibson Limlted had a net deficrt on share captsl and resetves of £180,724. 6 DEBTORS 2020 2019 Debtors Lews Gibson Limited 34.975 28.000 62.975 54,781 15,500 70,281 7 cREDoRs- amounts falling due within one year. 2020 2019 Creditors Social Serity Accruals and Deferred Incorne 1,196 2,201 11.789 15,166 5.502 1.698 11.713 18,913 Rental Income is 1Ved in advance and accounted for as a liability and shown on tre balance sheet as Deferred in¢ome. 08f8rred Inme is released to income in the pOrting period the rent re18tes to. 2Q20 2019 Balance at th8 Start of the reporting period Amounts added in current periods Amounts released to income from preMou5 period5 8alan¢e at the end ol the porting period 3,600 7200 3,600 7.200 3.600 Page15
DOWNING PLACE UNITED REFORMED CHURCH. CAMBRIDGE. GENERAL FUNDS CHAATY NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2020 8 DESIGNATED FUNDS Balance In¢ome and Exp8ndltur6 and Transfers increase in d¢¢rÈase In investment valuanwstm¢nt value Balan¢e Cfwd Bd York Street Fund Gibson's Organ and Prdise Evangelism and Service John Hall Fund 25,126 1,627 2,380 545,848 172,289 747,268 27.000 69 121.8151 30.311 1,69e 2,380 534.588 186.151 755.127 8,712 13.923 49,704 119.9701 601 41.845 The ave Fundshave been deswtalfor thefollowingpurmses.. York Street Fund - to receive the distrbution from Lewis Gibson, and to distribute to good causes at horne and ovetseas. Gitson's- to receive monies from the monthly lunch club, to then part fund a Christmas lunch, and new kitchen equipmenL Organ and Praise- to be apie to Major repair5 to the organ. John Hall Fund - This fund was set up with the money received in exSS of the ¢hur¢h rebuilding w$ts in 1993 and donstions from members and friends in memory of John Hall. The funds are to be used for enabling mission opportunities betW8en Downing Pla URC in Cambridge and our partners in the developing wodd. Evangelism and Servi- to be used to support the evangelism and service programme of the Church. 9 RESTRICTÉD FUNDS The church accounts include seven Restricted Funds. where tha monies c2n only be used for the specrfic purpose *or which they We entrusted to the churth. These monies a not at the disposal of Church Meellg for any other purpose. and present.. Bal4n¢e Bfwd Balan¢e Cfi¥d Incom8 Expenditur8 Trdnsfer Ministry & MissK)n Fund evolent Fund 4 George Street Fund Comrnitment for Lrfe Casue End Mission Fund Evangelism and SeNice- Fundraising Earmarked Funds & Giving for Others Fund 6,200 3.383 11.479 1,862 186,672 e.200 3.383 22.308 10,829 7,314 19,1761 188.672 80.194 1,920 300.677 80,194 1.646 99,983 1,920 211.516 1.646 110,822 The ave Funds have been restncte(JforÉhe followingpurposes.. Ministry & Mission Fund- to support specific prograrnme costs relating to Minsty and Missbn. Benevolent Fund- to be applred in cases of irnrnediate n&d, at the Minister's discretDn. 4 George Street Fund - tt)e net proc£eds from the rental of the George Street prOrtY, to be US for the Church, detemiined by the Elders. Cornrnittnent for Life- to supwrt the national URC world develorrnent programrne. Casde End Mission Fund - for the holding of educational and other classes and rneeting5 of a religUS and philanthropTC charactsr. Evangelism and Service- Fundraising - amounts raised through fundraising to equlp the redeveloped church for rninistry and to fund ongoing evangelisrn and Servi work. Earrnarked Funds & Giving for Other5 Fund - for SUPkKsrUng charitable causes through rnonthly aprEals and donatiorLS. Page 16
DOWNING PLACE UNED REFORMED CHURCH. CAM8RIDGE, GENERAL FUNDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2020 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds D¢signal•d funds Re$trfcted funds Comblned Yotsl Tangible Fixed Assets Investments Net Current Assets Fund Balance 379,484 375,644 755.127 300,677 680,163 707,677 1.387.840 332.034 332,036 300.t77 11 RELATED PARTIES Lewis Gibson Limited is a related party of the church. by virtue of the benfici81 holding of 68.67% in that company. Trdnsactions between the church and Lewis Gibson Limited are disdosed in mte 5 to the accounts. 12 sfATEMENf OF FINAN¢tAL A¢TIVtriÉs FOR THE YEAR ENDED 31 DECEMBER 2019 Unrestdctsd Fund$ Deslgnatad Funds Restrlct8d Funds Total 2019 Not& In¢om• Donations 8nd lrfacies Charitable a¢tivitie$ Other in¢ome an¢ donations Income fmm investments 21al 21bl 21cl 21dl 198,169 103.168 79,125 40,032 513 198,110 14.225 398,792 117.393 105,500 44,581 26,375 4,549 Total Income 420,495 31,437 212.335 664,268 Expandlture C05t of generating funds Charitable actiwties.. URC Ministry and Mission Fund Ministerial cost5 Costs of church activities Oesignaled funds and ffjstricted don8tions passed on Govemance Tr)sts 31al 2.514 2,514 31bl 31¢) 31dl 134.755 28,094 218.840 134,755 28,094 218.900 60 31el 310 22,127 25.865 47,992 1,000 1,000 Total eXpendIre 385.203 22.187 25.865 433.255 Net 9ainslllossasl in instments Unrealised gainslllossesl on investment a5se15 90,136 90,136 Nèt Income for the year before transfers 35,291 99,385 186,470 321,147 Transfers between funds Not Movement in Funds 35.291 99,38S 186,470 321,147 Pa9e 17
INDEPENDENT EXAMINER'S REPORT TO THE TRuEE5 OF DOWNING PLACE UNJTED REFORMED CHURCH, CAMBRIDGE (GENERAL FUNDS) CHARITY I report on the accounts of Downing Plate United Refonned Church, Cambridge [General Funds) Charity for the year ended 31 December 2020. which are set out on pages 9 to 17. RESPONSIBILITIES AND BASIS OF REPORT As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ['the ActJ- I report in respect of my examination of the chariWs accounts carried out under section 145 of the Act and in carrying out my examination I have Followed all the applicable Directions given by the Charity Commission under section 145(5J(bJ of the Act. INDEPENDEfu EXAMINER'S sfATEMENT I have COTnpleted my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept in respect of the charity as required by section 130 of the Act- or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. N Hedger BFP, CTA. FCA Chater Allan LLP Beech House 42 Newmarket Road Cambridge CB5 8DT Date: 21 May 2021